The Isle of Man Gambling Supervision Commission has imposed a £3.9 million civil penalty on Celton Manx Limited.
It issued the fine for “serious” anti-money laundering (AML) and counter-terrorist financing failures.
The fine, discounted by 30% from £5.6 million, follows a regulatory investigation into “systemic” breaches of the Gambling (Anti-Money Laundering and Countering the Financing of Terrorism) Code 2019.
The GSC stated: “The nature, extent and type of contraventions were of such a nature as to cause the Commission to conclude that, in all the prevailing circumstances, the imposition of a Discretionary Civil Penalty was appropriate.”
The breaches included failures in customer due diligence, risk assessments, and monitoring, with Celton Manx unable to demonstrate compliance with key Code requirements.
Celton Manx, which surrendered its licence in May 2025, cooperated with the investigation.
The GSC noted: “Celton Manx acknowledged the serious shortcomings in its operational and governance arrangements at an early stage.”
However, the Commission emphasised: “Compliance with the Code is mandatory and not optional.”
You can read the full statement here.
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